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There is something like IMF and even though a country goes bankrupt by virtue of natural disaster or bad government, they always have things like bail out plan and I don't see it as a way of affecting trading activities. They want to rise up again and also, there are many traders from different...

And then, as for funds to start up trading, that wouldn't be a problem because from what I can see across certain brokers, just a knowledge of how well you can read and write as well share knowledge of what you know would make you some extra cash to trade in. The most important is to learn from...

Did I hear you say smaller profit is to binary, I don't see it as so. In options, you can make as high as 80% of your capital just within a state of minutes. Yes, the same way @budado said, someone who is relatively good at scalping might most likely make out something well when he decides to...

Many sides to the Demo account is just the economic nature of it. Since the trader has nothing to lose by investing in it, it is a choice everyone wants to take advantage of. It doesn't matter the level of skills that trader has as even a pro can still use it to develop his skills.

Even at that, in my own candid opinion. o think that newbies tend to fair well in long term positions. They seem to understand the market more and adapt to it when they have floating positions over some days than when they try to scalp. Some only end up losing so much of their capital within a...

Forex is as risky as any other unpredictable business. Traders must understand that no matter how good we paint Forex, we can't deny that it is a business where we must work hard to excel. For one to survive in it, it is wise to understand the principles of risk management. That is the place...

That is right, it is the flexibility which offers so much convenience. There is also no hanging around brokers offices to obtain rates. Just from the comfort of your home, you are able to trade with any broker you find convenient for you. You also have an option of trading in so many pairs which...

That's right, another thing is the rate of fluctuation these days. I know the value of BTC to a dollar some couple of months ago was less than 500, right now, the value of the same cryto has gone as high as 657 and still rising. It has become one of the most unpredictable type of currency with a...

Personally, I don't see any one best broker. Brokers offer things that are common among them and the one I might see as the best among them by virtue of the services they offer, might not be good enough for another trader. That said, I think it's a matter of choice. There are traders who throw...

Demo is simply valuable because you don't have to spend a lot of money to learn. Had it been there weren't any Demo account, I'm afraid how many of these new traders would have attempted to trade in Forex. They wouldn't want to risk a lot of things, not even their hard earned money only trying...

@UMOFX AIR I think the fear of a newbie hurriedly closing his position is too common among newbies. And yes, it is quite understandable because there is increased risk of them losing when there is a change in trend direction. One would say it is wise for them to cut losses and join the new trend...

It is much wiser for a trader to try and know the basics. A newbie is always stuck in how to go about Forex from the outset and this could make him want to consider going in without much preparation. But if he is able to get used to what the basics of the business is, then he can as well know a...

When a trader is always thinking of how to become rich quickly, the next thing that would be on his mind is also how to increase his lot size and leverage. Making quick money in Forex is real but it is one thing that only works for those who already have very strong knowledge of the business and...

That is right. A newbie should trade in the Demo for as long as his brain can learn. There are those who are known to learn much faster than the others. These category of people might gain a lotof skills and knowledge about Forex within a span of three months. However, this is not applicable to...

Some other thing is the trader's interest to trade in the Demo account. It is not all traders that are passionate and longing for it. To some, it is the Demo account and there is absolutely nothing so special about it. They don't want to waste their precious time trying to trade in it or...

@Tenko, the underlying factor there should be passion and/or patience. There are so many traders who left Forex out of frustration. To them, Forex is one of the most difficult businesses to do and they wouldn't want a situation where they would end up losing after spending a lot of time learning.

My two major concern which I tend to give utmost concern to these days are the spread and execution time. Knowing fully well that most of the brokers which have these good records are as well nicely regulated. More so, if the broker doesn't have one of my favourite payment processors, that's not...

That is an individual thing and it is that lack of seriousness that some traders instil in themselves. They don't usually take the Demo account so serious and tend to treat it as nothing. Since they don't have any investment at stake, they feel there is no need for them to be serious about it...

The starting point of risk management lies within the trader too. It starts with the right choice of leverage and lot size. It also lies within cutting down our greed. Greed is one of the things that hinder a lot of traders from progressing and/or managing their risks well. They want to make a...

Forex for a beginner is always difficult. It is not something he finds so easy to cope with because there are quite a lot of things that seems so confusing to him as at the time of learning. However, it is only those that stood strong through that hard time that finally becomes very successful...